Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine
The article substantiates the necessity of development and implementation of ethical rules of doing business into the business practices of small and medium enterprises. Particular attention is paid to business entities in Ukraine as a country with one of the highest levels of shadow economy. The tw...
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doaj-a0a28e201b794ba19c9a098db23128032020-11-25T01:44:29ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672018-07-0116315016210.21511/ppm.16(3).2018.1210706Code of ethics for SMEs: substantiating the necessity and willingness to implement in UkraineLarysa Antoniuk0Igor Britchenko1Yevheniia Polishchuk2Nataliia Rudyk3Yuliia Sybirianska4Pavel Machashchik5Professor, D.Sc. (Economics), Kyiv National Economic University named after Vadym HetmanDoctor Habil., Professor, State Higher Vocational School Memorial of Prof. Stanislaw TarnowskiDoctor of Economic Sciences, Associate Professor, Professor of the Investment Activity department, Kyiv National Economic University named after Vadym HetmanCandidate of Economic Sciences, Associate Professor of the department of finance, Kyiv National Economic University named after Vadym HetmanCandidate of Economic Sciences, Associate Professor, Associate Professor of the department of Finance, Kyiv National Economic University named after Vadym HetmanPh.D., Rector at State Higher Vocational School Memorial of Prof. Stanislaw TarnowskiThe article substantiates the necessity of development and implementation of ethical rules of doing business into the business practices of small and medium enterprises. Particular attention is paid to business entities in Ukraine as a country with one of the highest levels of shadow economy. The two-level structure of SMEs’ Code of Ethics designed by the author is being presented, which is based on the following key concepts: transparency of business entities activity, partnership integrity, environmental and social responsibility, which are interrelated and reflected in the individual modules of the Code.The article presents the results of approbation of the author’s Code of Ethics for SMEs. The approbation is based on a personal and interactive questionnaire about the readiness of Ukrainian SMEs representatives to introduce ethical norms into their activities. The authors determined that Ukrainian SMEs are not well-informed about possible positive effects from following norms and rules in business, in particular, in terms of improving the business climate in the country, increasing the investment attractiveness of the economy as a whole and economic entities in particular, simplifying the access to financial and credit instruments.The survey and questionnaire of Ukrainian SMEs confirmed the need for the development and implementation of the business Code of Ethics norms, as well as potential demand for it. The respondents recognize the importance of certain international ethical rules in conducting business, which may contribute to attracting investment in Ukraine; however, this is not the only factor affecting the investment attractiveness of domestic business. It is substantiated that the business climate improvement is a complex issue, and the Code of Ethics, in this context, creates the opportunities of guiding and encouraging participants to the active influence on the business environment: to declare zero tolerance to corruption and to form and to maintain clear position in interactions with the public authorities.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10706/PPM_2018_03_Antoniuk.pdfand social responsibility of businessbusiness ethicscode of ethicscorporateecologicalsmall and medium enterprises |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Larysa Antoniuk Igor Britchenko Yevheniia Polishchuk Nataliia Rudyk Yuliia Sybirianska Pavel Machashchik |
spellingShingle |
Larysa Antoniuk Igor Britchenko Yevheniia Polishchuk Nataliia Rudyk Yuliia Sybirianska Pavel Machashchik Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine Problems and Perspectives in Management and social responsibility of business business ethics code of ethics corporate ecological small and medium enterprises |
author_facet |
Larysa Antoniuk Igor Britchenko Yevheniia Polishchuk Nataliia Rudyk Yuliia Sybirianska Pavel Machashchik |
author_sort |
Larysa Antoniuk |
title |
Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine |
title_short |
Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine |
title_full |
Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine |
title_fullStr |
Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine |
title_full_unstemmed |
Code of ethics for SMEs: substantiating the necessity and willingness to implement in Ukraine |
title_sort |
code of ethics for smes: substantiating the necessity and willingness to implement in ukraine |
publisher |
LLC "CPC "Business Perspectives" |
series |
Problems and Perspectives in Management |
issn |
1727-7051 1810-5467 |
publishDate |
2018-07-01 |
description |
The article substantiates the necessity of development and implementation of ethical rules of doing business into the business practices of small and medium enterprises. Particular attention is paid to business entities in Ukraine as a country with one of the highest levels of shadow economy. The two-level structure of SMEs’ Code of Ethics designed by the author is being presented, which is based on the following key concepts: transparency of business entities activity, partnership integrity, environmental and social responsibility, which are interrelated and reflected in the individual modules of the Code.The article presents the results of approbation of the author’s Code of Ethics for SMEs. The approbation is based on a personal and interactive questionnaire about the readiness of Ukrainian SMEs representatives to introduce ethical norms into their activities. The authors determined that Ukrainian SMEs are not well-informed about possible positive effects from following norms and rules in business, in particular, in terms of improving the business climate in the country, increasing the investment attractiveness of the economy as a whole and economic entities in particular, simplifying the access to financial and credit instruments.The survey and questionnaire of Ukrainian SMEs confirmed the need for the development and implementation of the business Code of Ethics norms, as well as potential demand for it. The respondents recognize the importance of certain international ethical rules in conducting business, which may contribute to attracting investment in Ukraine; however, this is not the only factor affecting the investment attractiveness of domestic business. It is substantiated that the business climate improvement is a complex issue, and the Code of Ethics, in this context, creates the opportunities of guiding and encouraging participants to the active influence on the business environment: to declare zero tolerance to corruption and to form and to maintain clear position in interactions with the public authorities. |
topic |
and social responsibility of business business ethics code of ethics corporate ecological small and medium enterprises |
url |
https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10706/PPM_2018_03_Antoniuk.pdf |
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